Match the Terms to the Definitions

question 67

Multiple Choice

Match the terms to the definitions.
-The preferred stock feature which provides for the sharing of dividends above the stated amount.

• A)Cumulative dividend preference
• B)Participating dividend preference
• C)Conversion privilege
• D)Call provision
• E)Stock split
• F)Stock dividend
• G)Retained earnings
• H)Outstanding shares
• I)Issued shares
• J)Retired shares
• K)Treasury stock
• L)Paid-in capital in excess of par

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Definitions:

Debtor's Debt

The obligation of money owed by a debtor to a creditor.

Mechanic's Lien

A legal claim against a property by a contractor or subcontractor for unpaid labor or materials provided for improvements to the property.

Contractor

An individual or company that undertakes a contract to provide materials or labor to perform a service or do a job.

Property

Legal rights or interests held in resources such as land, buildings, goods, or intellectual creations, recognized and protected by law.